No word yet on unpaid loan

Cedarbridge Treatment Center failed to repay its $200,000 loan, and officials are waiting to hear from the company

11:28 PM,
Apr. 23, 2012

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MUNCIE -- Local officials are still waiting to hear from a private juvenile detention company that failed to pay off a $200,000 loan.

Cedarbridge Treatment Centers, which was supposed to pay off its loan from the Muncie Industrial Revolving Loan Fund in March, has been asked by the MIRLF for specifics on its request for a loan extension. The company has not yet supplied that information, Bruce Baldwin of the MIRLF said Monday.

Cedarbridge might be busy dealing with other issues that have come up since its $200,000 balloon payment was due, including a lawsuit filed by a local physician who ...